Scribd
Upload
17 views2 pages

Types of Source Documents for Class 11

An efficient accounting system relies on accurately recorded information from source documents, which detail transactions and the parties involved. These documents serve as evidence of transactions and are essential for accounting purposes. Examples include cash sales receipts, invoices for credit purchases, and credit notes for returns.

Uploaded by

Shirley Vun
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
17 views2 pages

Types of Source Documents for Class 11

An efficient accounting system relies on accurately recorded information from source documents, which detail transactions and the parties involved. These documents serve as evidence of transactions and are essential for accounting purposes. Examples include cash sales receipts, invoices for credit purchases, and credit notes for returns.

Uploaded by

Shirley Vun
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Introduc on

 An efficient accoun ng system requires all relevant informa on pertaining


to business ac vi es to be recorded accurately in the book.
 This informa on can be obtained from .
 A source document is a specially designed form which supplies details of

 Source documents contains informa on like , the and


of transac ons, the of transac ons and the
names of and involved.
 The informa on contains in the source documents should be clear and
easily understood.
 For accoun ng purposes, source documents are important for the following
reasons:
o Form the basis for in the books
o Serve as evidence that certain transac ons have taken place.
o Used for purposes.
 Below are some examples of source documents and the related business
transac ons;
Business transac on Source document
Cash sales Cash bills, cash register slips,
receipts
Cash received from debtors Duplicate copy of the receipts
issued
Cash paid to creditors Receipts issued by the creditors,
cheque counterfoils
Credit purchases Invoice issued by the creditors
Credit sales Duplicate copy of the invoice issued
Purchases returns (return Credit notes issued by creditors
outwards)
Sales returns Duplicate copy of the credit notes
issued
Drawings by the owner Inter-office memo

You might also like